US 30-year Treasury: the long end eases off its highs

The US 30-year Treasury yield stood at 5.42% on 21 October 2026, 25 basis points below its year high of 5.67% set on 7 October.

The long end started 2026 at 4.86% and bottomed at 4.64% in late February before climbing through the summer. The October spike pushed the 30-year to levels not seen in years, and the pullback since then has been orderly rather than sharp. Long yields remain well above the year's lows, a sign that markets still price meaningful term premium at the far end of the curve.

Source: US Treasury, daily par yield curve rates.